FII VBI Consumo Essencial (EVBI11) has signed an undertaking to sell a property leased from Grupo Pão de Açúcar (GPA) in Atibaia, in the hinterland of São Paulo. The amount of negotiations is estimated at 40.5 million reais.
As a matter of fact, the 5,800 square meters of gross leasable area (GLA) is currently occupied by a supermarket and the completion of the transaction is still pending compliance with the terms set out in the contract.
According to the agreement, the fund will receive an initial contribution of R$ 500,000, and the remaining balance of R$ 40 million will be paid within 62 days of the closing of the transaction.
EVBI11 management estimates that the sale of the store will generate capital gains of 0.60 reais per share.
Today, VBI Consumo Essencial has a net worth of R$211 million and has a portfolio consisting of six properties, four of which are leased to GPA. The total area of GLA is 42 thousand square meters.
In October, the urban income fund, which invests in commercial real estate in major centers, distributed 0.75 reais per share, an amount equivalent to one dividend yield (dividend return rate) per month 0.76%. For 12 months, the percentage is 9.5%.
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Ifix hoje:
In the session of this Wednesday (25), Ifix – the index of the most traded real estate funds on the stock exchange – works in the red. At 11.50, the indicator decreased by 0.02% to 3154 points. Check out the other highlights of the day.
Biggest highs this Wednesday (25):
Ticker | Name | Sector | Deviation (%) |
RBRR11 | RBR Rendimento High Grade | Names and Val. Mob. | 1.05 |
HCTR11 | hectare | Names and Val. Mob. | 0.96 |
VISC11 | Vinci Shopping Centers | shopping centers | 0.82 |
HFOF11 | FoF II top hedge | FoF | 0.8 |
DOSE 11 | In front | Names and Val. Mob. | 0.79 |
The highest number of victims this Wednesday (25):
Ticker | Name | Sector | Deviation (%) |
BLMR11 | Rent VBI + FoF | FoF | -1.62 |
BLMG11 | Bluemacaw Logistics | Logistics | -1.39 |
XPPR11 | Properties of XP | Corporate plates | -1.32 |
MCHF11 | Mauá Capital Hedge Fund | Multi-strategy | -1.34 |
BRAF11 | BRPR corporate offices | Corporate plates | -1.12 |
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6 REITs are paying dividends higher than record Treasuries
REIT performance (Real estate investment fund) — American real estate funds — in 2023 increasingly feel pressure in the scenario of rising interest rates in the United States. However, an investor can find options in which dividends are higher than the yields paid by US Treasuries (Treasuries), which this week exceeded the threshold of 5% per annum
In some cases, an investor willing to bear more risk and volatility may find options with “dividend yield“above 20%.
Higher interest rates affect REITs in two ways. The first is the increase in the cost of debt that companies take on for expansion and development projects. The portfolios most sensitive to the highest probability of default are the portfolios “mortgage” which are REITs that invest in residential mortgage loans similar to our “paper funds”.
This bleak scenario is putting pressure on REITs. VNQ (Vanguard Real Estate Index Fund), an ETF (index fund) traded on the New York Stock Exchange (NYSE), which combines the largest “funds” listed abroad, accumulated a fall of 11.7% for the year.
Guillermo Morais, an analyst at VG Research, points out that this drop is widespread across all REIT segments. Exceptions are those with data center, which will benefit from the wave of artificial intelligence.
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“Due to the profile of REITs, which typically pay dividends consistently, they are seen in the market as fixed income-like assets. As interest rates rise, the opportunity cost is higher because higher interest rates can be earned on lower-risk assets. As a result, REIT prices have fallen to offset the risk,” he explains.
Dividends today
Check the list of FIIs paying dividends this Wednesday (25).
Ticker | Productivity | Return |
ALZR11 | 0.83 R$ | 0.71% |
BRAF11 | 0.54 R$ | 0.83% |
BTLG11 | 0.76 R$ | 0.75% |
CPSH11 | 0.74 R$ | 0.68% |
ELDO11B | 5.48 R$ | – |
FCFL11 | 0.85 R$ | 0.73% |
LFTT11 | 2.93 R$ | 6.67% |
SNCI11 | 1.00 R$ | 1.00% |
SNFF11 | 0.65 R$ | 0.73% |
TJKB11 | R$ 2.62 | – |
EACH 11 | 2.05 R$ | – |
VVCR11 | 0.02 R$ | 0.09% |
VVRI11 | 1.30 reais | 1.30% |
XPIN11 | 0.65 R$ | 0.75% |
XPML11 | 0.85 R$ | 0.76% |
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